hen examining the current interest rate levels in the USA and Europe, two movements can be observed. First, a sustained decline in long-term interest rates that has lasted for the better part of the last two decades. That has been driven by demographic factors, the progressive integration of China into
Tag: Bank
ECB: Changes to collateral eligibility criteria and risk control measures for unsecured bank bonds
The European Central Bank (ECB) has decided on changes to the collateral eligibility criteria and risk control measures applicable to senior unsecured debt instruments issued by credit institutions or investment firms or their closely linked entities. These instruments are known as unsecured bank bonds (UBBs). ECB will amend eligibility criteria
Glossary – Essential Terms and Technical Abbreviations (for the banking, finance and economics EU/INTL)
his abbreviation and acronyms list explains terms frequently used in the area of documents related to the Banking Union. They are specifically used in relation to the Single Supervisory Mechanism, the Single Resolution Mechanism) and the application of the Capital Requirements Directive and the Capital Requirements Regulation. Terms were provided by Policy Department A at the
ECB unveils new 50 EUR banknote
European Commission: The Anti Tax Avoidance Package – FAQ
1. Why has the Commission made the fight against corporate tax avoidance a priority? orporate tax avoidance deprives public budgets of billions of euros a year, creates a heavier tax burden for citizens and causes competitive distortions for businesses that pay their share. It also undermines the EU goals of growth,
Antitrust: new EU rules to boost card payment transparency
The European Commission welcomes the entry into force in June 2016 of new rules to make the costs of payments with debit or credit cards more transparent to retailers and consumers and allow them to make efficient choices. All elements of the Interchange Fee Regulation are now fully applicable. Commissioner Margrethe Vestager,
EC: Montenegro’s Economic Forecast – Volatile growth amid public finance concerns
Spring 2016 Economic Forecast ourism and capital-intensive projects continue to be the main drivers of growth, albeit their contribution appears more volatile than previously expected. The growth potential is hampered by the sluggish recovery of bank lending. Budget deficits remain high due to a surge in public investment and social security
EP: Completion of Banking Union on track
he European Commission and the European Supervisory Authorities should conduct an in-depth assessment of the effect of increasing capital requirements in current and future legislation on credit supply, especially to small and medium sized companies, Parliament says in a resolution on the state of the Banking Union. MEPs support the
Crowdfunding and crowdsourcing in the cultural and creative sectors
he internet offers digital spaces that can connect creators and service or content providers with consumers, and with new work, business or financing possibilities. In the sphere of arts and culture, this offers new opportunities for fundraising for events and projects, and for developing collaborative projects among artists, sometimes with
Statistics: Montenegro GND 2010-2014
onstat has published Montenegro's Gross National Income GNI 2010-2014 data. The calculation of gross national income is based on data from regular surveys of Monstat and the Central Bank of Montenegro. Gross domestic product is calculated according to the methodology of the European system of national and regional accounts (ESA 2010). ESA 2010 is the
EIB: Green Bond impact reporting harmonization process
he overall goal of the Green Bond market is to help mobilize private sector financing for sound climate and environmentally-sustainable investments and help enhance transparency of environmental finance. The relevance of this market is growing rapidly – in 2014, issuances were over USD 35 billion, more than three times higher
Instant payments across the EU by November 2017
he Euro Retail Payments Board (ERPB), a group chaired by the European Central Bank that brings together associations of providers and users of payment services, has invited the European Payments Council, a body representing the payment service providers in Europe, to develop a scheme for instant payments in euro by